Before any contract for a public work or improvement shall be valid or binding against
the City, the contractor shall make, execute and deliver to the City a bond(s) that
meets the requirements of RCW Ch. 39.08 as now or hereafter amended. Such bond shall
be in an amount equal to not less than twenty-five (25) percent, nor more than one
hundred (100) percent of the full contract price agreed to be paid for such public
work or improvement. Contract Awarding Authorities shall determine whether to require
bond or retainage for limited public works projects awarded under the provisions of
RCW 39.04.155(3), as now or hereafter amended. If required, a bond shall name the
City as obligee, and shall be filed with the City Clerk. The amount of the bond to
be required of any contractor shall be (1) stated in the call for bids for the doing
of the public work or improvement; or (2) if there is no call for bids, as required
by the department awarding the contract.
